Climate Change Data

European Metals Holdings Limited

Climate Impact & Sustainability Data (2021, 2023)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Not disclosed

Environmental Achievements

  • Not disclosed

Social Achievements

  • Not disclosed

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Not disclosed
Mitigation Strategies
  • Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2023

Environmental Metrics

Renewable Energy Share:100% (planned)

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Cinovec project has the potential to have among the lowest overall environmental impacts of lithium chemical projects globally (based on a life cycle assessment).
  • Plans to supply Cinovec with 100% renewable energy.
  • Mining backfill will significantly reduce the size of the tailing storage facility (TSF) required.

Social Achievements

  • Cinovec is projected to create c.1,000 direct jobs.
  • Significant progress has been made in resolving NIMBY objections from local communities.

Governance Achievements

  • Strategic partners include CEZ (51% interest) and the European Bank for Reconstruction & Development (EBRD).

Climate Goals & Targets

Long-term Goals:
  • 25-year mine life (UPFS22).
Medium-term Goals:
  • Securing construction funding.
  • Receiving Just Transition Fund grant.
  • Commencement of construction and lithium chemical production.
Short-term Goals:
  • Completion of Definitive Feasibility Study (DFS) in Q1 CY24.

Environmental Challenges

  • Raising construction finance in turbulent capital markets.
  • Permitting delays.
  • Commodity price fluctuations (particularly lithium).
  • Potential for objections from local communities or NGOs.
  • Execution and operational risks associated with constructing and operating an underground mine and integrated lithium chemicals operation.
Mitigation Strategies
  • Involvement of CEZ and EBRD as strategic partners.
  • Cinovec's designation as a ‘Strategic Project’ and preapproval for a Just Transition Fund grant.
  • Design choices to mitigate potential environmental and social impacts (e.g., underground crushing, use of backfill, aerial ropeway or suspended conveyor for ore transport).
  • Addressing community concerns through engagement and mitigation strategies.
  • Improved mine plan and processing flowsheet to reduce risks and improve efficiency.

Supply Chain Management

Climate-Related Risks & Opportunities

Opportunities
  • Development of energy-efficient products and processes.